Fallon told the committee that a quick decision was necessary to provide certainty to industry.
"The government's pledge to achieve ambitious renewable targets by 2020 shows it is serious about its potential but we need to follow through with concrete policies to create greater certainty for industry, maximise the potential for the UK economy and realise our environmental goals".
'I think individuals and businesses, large and small, need greater certainty.' " Industry groups were also disappointed.
The AMPTP has clearly stated their need and desire for financial certainty and industry peace.
The number of protested oil and gas leases has dropped dramatically, creating more certainty for industry, while at the same time helping to protect our air, water, and wildlife resources.
With that certainty, these industries would be better able to invest and create hundreds of thousands of jobs in the coming years.
Congress should enact a multiyear extension of this incentive, which provides certainty to the industry and would ensure the continued growth of renewable energy industries.
That would at least give the industry certainty about what it must buy and when.
Terry Edwards, head of the Forest Industries Association of Tasmania, an employer body, says the deal was "absolutely imperative" in giving the industry certainty.
"It is important to get these amendments through to give industry certainty over projects that are due to commence.
